Yesterday I met Sankhadeep Chakraborty our Head of Engineering over Coffee. Where he spoke at lenght about Verinite Labs recently developed solution for the Banks and Financial Institutions in the field of Robotic Process Automation which is called as “VERIBOT” !!! He mentioned that Verinite Labs is very much excited to launch this omni solution […]

Have you ever wondered why certain companies are far ahead in the race than others? Their escalation and repute in the fraternity are seamless and unsurpassable. What is it in them that set them apart from the others? Well! The fundamental distinction lies in their philosophy of work. The work culture focuses on never settling […]

A recent survey by Redwood Software of 300 corporate decision makers from the US and the UK founds “79% of enterprises said automation delivered time savings, 69% cited ‘improved business productivity’ as the key benefit of automation, and 61% said automation regularly provides cost savings. Hence more & more organizations are turning to RPA (robotic […]

Once upon a time, debit and credit cards were simple (and somewhat boring) pieces of plastic. The only ‘personalization’ that came was in the form of your name which was put on the card along with the bank’s logo and other important information. Now, you have the freedom to choose your favorite image and see […]

All companies wish for focused and talented employees. A fresher comes with these skills and much more! This week we had our first batch of 2018 new recruits joining Team Verinite! Whilst we were going through the onboarding and induction process it struck me that when I was in college, in the late 90s, campus […]

DevOps!! The new trend coming in the Industry…. Let’s see the whole world of IT Industry with the lens of DevOps. DevOps does not go with only one thing, it has got the combination of Continuous Integration, Delivery, Continuous Deployment and more. DevOps can give the beautiful experience to the Industries handling large customer volume, […]

The financial world has been in a state of constant change for a while now. Most of the changes being brought about are positive, such as making the banking industry more transparent and interactive for customers. These changes are mainly brought about by the successful application of the latest technologies, including cognitive computing. What is […]

The entire banking industry is standing on the brink of change, with many trends being predicted to take over the industry in 2018 and beyond. In 2018, banking is predicted to get smarter, more personalized, more secure, and more convenient for the customer. As 2017 is on its way to departure, we list the upcoming […]

My team tests at least 5 applications a week on average. We constantly work with Web Apps, Web Services, Mobile Apps and now, IoT driven applications, which have a pretty large web services layer supporting it. We work with multiple product engineering teams, especially developers, to help them fix those niggling security problems. Recently, […]

A person sitting in one corner of the world able to control things at the other end of the world merely through the gadget in one’s possession and able to receive the response in real-time. Remotely switching on the tube lights, fan or a music system. Getting reminder about daily dose of medicine or getting […]

What is Block Chain????? Over the past decades technology has constantly upgraded itself and is reshaping to match the future. If we look back in time over last 5 decades we can clearly see the shift in technologies. Advent of Mainframes as computing machines in 1970s to evolution of personal computing machine i.e. PC in […]

What is RPA? Robotic process automation (RPA) is an emerging form of clerical process automation technology based on the notion of software robots or artificial intelligence (AI) workers. Robotic process automation (RPA) is the application of technology that allows employees in a company to configure computer software or a “robot” to capture and interpret existing […]

What are Small Finance Bank ??? The Small finance banks are a kind of niche banks which can provide basic banking services like accepting deposits and lending facility to customers. The focus is only on small businesses, marginal farmers and micro industries. The small finance bank can perform all kind of operations which normally commercial […]

Network is base of digital banking domain. The base should always be strong and updated. In Recent days Ransomeware attack was a very big problem. Due to confidential data, banking sector was under pressure of its major affect. Being a part of networking & security, it is our responsibility to face the challenges and search […]

Payment Banks: A payments bank is a bank, but operating on a smaller scale without involving any credit risk. In other words, it can carry out most banking operations but customer can’t take advance loans or issue credit cards. The Payment Banks is based on the concept of PPI that is to load cash into […]

It was Holi, I still remember that how colorful it was made by Verinite by a simple call and saying “Hello, Congratulations! Yogesh, you are selected”. I had been being under impression that I was selected as I have sufficient knowledge on how to test the system and gave each answer with required confidence in […]

Every day is a different experience, though it may be a normal day at work. We spend a lot of time at our work place and that’s why we also call it at times “Our second home”. Some people are quick to respond, some need to be pushed and some respond after the deadline. In […]

The big story this week is around the “alleged” Data breach of Qatar National Bank (QNB). The attack came as a bolt from the blue with the attackers releasing a massive data-dump of over 1.5GB on the open internet. The file was available for a short while as a zip file that could be downloaded […]

We are all aware that social media has had a tremendous impact on our culture, in business, on the world-at-large. Social media websites are some of the most popular haunts on the Internet. They have revolutionized the way people communicate and socialize on the Web. Many employers today are looking at the social media accounts […]

Why is P2P Lending Ideal for Small Businesses? Small businesses are usually hard pressed for funds. Banks have most commonly been the borrowing platforms but now peer-to-peer (P2P) lending is gaining popularity. This is not without strong reasons. Let’s find out what exactly P2P lending is and why it is an ideal choice for small […]

“The trust of the innocent is the liar’s most useful tool.” – Stephen King I am writing this blogpost in the wake of the potentially earth-shattering discovery of security vulnerabilities in some key Java libraries. In case you are unaware of these security issues, you must 1. go through the link in the footnotes, 2. […]

“Revenue is vanity. Profit is sanity. Cash is reality.” – Who knows better about this other than an entrepreneur? Anyone who runs business will know that cash is like oxygen. Over last 4 years, I have been running Verinite as a lean start-up and one of the key focus areas has been maintaining a healthy […]

“In God we trust, the rest we test” is a very popular line in testing world. Testing team or testers are a very important cog in the wheel as far as product development life cycle is concerned. A tester essentially conducts prescribed tests on programs and applications for quality, design integrity, and functionality, before they […]

Banks are confronted with newer challenges every time the previous ones are overcome. Some of the major challenges faced by banks today are, heightened regulatory scrutiny, changing customer behaviour, cyber-crimes and cultural changes. One challenge that has been there, right from when the world economy slowed down in 2008, is the challenge of reduced liquidity. […]

One question that several people have asked me over the years is this “Which is the most secure development platform/programming language in the world?” It is an honest question. It is quite pertinent, given the state of application security across the globe. However, it is akin to asking the question “Which language allows me to […]

Now-a-days long queues at Bank’s Branch for Cash withdrawal are a rare sight. But not very long ago, before arrival of ATMs, it was the only way of getting cash out from Bank accounts. Well from then to now, Automated Teller Machines (ATMs) have definitely changed our ways of cash withdrawal. But we are not […]

Background: As part of employee engagement, interaction and team building activities, Verinite yet again came up with fantastic event which ended September month on high note and left all verinitians spell bounding with the level of innovativeness shared during entire event. Massive efforts invested by technology staff as well equally supported by HR/operations and sales/marketing […]

Let me begin with a story. This is true story. However, I will be changing the names of people and the organization(s) affected, because what I am about to say is wildly embarrassing to any company that has a ‘passable’ Information Security practice. John works at an e-payment company. He handles customer information, payment queries and settlement […]

I have been leading Verinite Labs for 6 months now where the mandate has been to develop our own IP by building technology solutions for some of the problems faced by the financial institutions. Being from services background, these 6 months have given me an interesting perspective about lot of things and one of them […]

The service industry has been growing leaps and bounds in the last decade and is continuing to do so, steadily, the product industry too has been trying to steadily catch up. We have more and more business organizations coming up offering better products and better services and catering to larger customer base. The product industry […]

Right now, cyberspace has exploded with info, tweets, opinions and general discussion around the the Ashley Madison breach. For those who don’t know, AshleyMadison is the world’s largest “affair portal” where consenting adults can reach out (literally and figuratively) to others on the interwebs to have a casual fling. The tagline of their website is […]

I started my career with Kanbay as COBOL developer writing codes for the customization or support requests from business for their credit card system (VisionPLUS). This allowed me to learn and grasp nuances of the credit cards business. Then in year 2011, when we started with Verinite, it was always our vision that we would […]

Technology-wise, we have grown tremendously in the recent years. Today’s generation doesn’t even know what a floppy disk is! Talk to them about cassettes and they will look at you like you are mad. Who can blame them? Disks and cassettes are old technologies. No one even misses them anymore! Are we going to talk […]

It was two weeks ago. I was chatting with the CFO of a major automobile manufacturing company. This is one of the largest companies in the world. I was waxing eloquent about new-age attacks that would affect companies like theirs. He listened intently for a time, flummoxed at how attackers were using every tool at […]

It was this article which instigated me to write about an interesting experience that demonstrated and proved how right the popular quote is “Customer service is not a department, it’s an attitude!” https://www.linkedin.com/pulse/heroes-uniform-anil-prabhakar?trk=hp-feed-article-title-comment What sets the best companies aside from the rest? The customer support. Everyone provides the same services. All companies know what to […]

In some companies, Information Security and Risk consists of a large team of hundreds of professionals handling security and compliance risks across many countries. In others, Information Security is one of the many responsibilities of an IT Manager who handles everything from IT management, staffing and Project Implementation. Either way, Information Security is a critical facet of the modern […]

Challenges in Testing the Banking Application In a continuous endeavor to leverage technology, improve Cost-to-Income ratio, and enhance the services offered to customers, banks keep upgrading their systems and introduce new customer touch points. Innovative products and solutions are launched to make banking even more safe, secure and convenient for customers. With increase in complexity […]

Test data helps us examine a software application and determine its functionality. The data used to test the features of a newly developed software program is simply, thus, called test data. It helps identify bugs provided it is properly designed. If the test data itself is faulty or of low quality, it will not do […]

It was a long time ago when I wrote my first program as a professional developer, but I still remember the requirement. The requirement was to write a program for generation of a report from the system with some credit card details for a business scenario and guess what, it was in COBOL. Now, I […]

When we sought a leader to manage couple of customer accounts with renewed vigor, we hadn’t expected someone who identifies herself with ‘Aishwarya Rai’ to be so firmly at the helm in just a month’s time. Verinite was going through a certain transition at that time, and we knew that we had to find a […]

Securing apps is a major challenge and achievement for any organization. For an app to be secure, it should not only be developed securely, but the entire lifecycle must have infusions of security. I use the word ‘infusions’ because the concept of ‘controls’ and ‘requirements’ seems highly cumbersome.Nevertheless, Security in Applications can be quite difficult […]

‘Phishing’ is a common word in the world of Internet Security. An attacker sends a victim an email or communication pretending to be a bank, or some other popular organization that the user potentially has a relationship with. The user clicks on a link, which opens up the attacker’s fake page (posing as the bank) […]

It is now 3.5 years since I started my first real “start-up” journey. I have been very entrepreneurial in my professional life but looking back in time, I feel I could have started one much earlier. Whenever I meet-up with my friends, ex-colleagues or acquaintances, the discussion eventually veers towards these last 3.5 years. Everyone […]

ICC Cricket World Cup 2015 !! An awesome extravaganza with phenomenal display of charismatic performances by the cricket playing nations. One more time, we saw the resurgence and utter dominance of Australians, this time in their own backyard. Not to anyone`s surprise, Aussies surpassed their all previous performances to present their nation a fifth feather […]

Do you really need Test Automation? Last week we were having a call with one of our Clients about some additional Quality Assurance services that our company has to offer. Test automation was also a part of it. After a fifteen – twenty minutes of detailed discussion on the additional testing services, they asked us […]